gedaliyah@lemmy.world to Lemmy Shitpost@lemmy.world · 4 months agoCasual reminderlemmy.worldimagemessage-square232fedilinkarrow-up11.82Karrow-down1109
arrow-up11.71Karrow-down1imageCasual reminderlemmy.worldgedaliyah@lemmy.world to Lemmy Shitpost@lemmy.world · 4 months agomessage-square232fedilink
minus-squareoctopus_ink@lemmy.mllinkfedilinkEnglisharrow-up4·edit-24 months ago Supply chain constraints were industry wide, and when the order expired, prices went up far past standard inflation. Just a reminder to folks emphasizing that retailers used that as cover for corporate greed, and a lot of it was lies. Various links: https://dailymontanan.com/2024/03/27/trade-watchdog-big-retailers-used-supply-chain-problems-to-inflate-grocery-costs/ https://www.nytimes.com/2024/03/21/us/politics/grocery-prices-pandemic-ftc.html https://news.harvard.edu/gazette/story/2023/07/retailers-have-been-cutting-costs-so-why-are-prices-still-so-high/ Great quote from that Harvard one: HBS research suggests firms have held off lowering them because it appears consumers got used to paying more The FTC report that is the basis for the first three links above: https://www.ftc.gov/news-events/news/press-releases/2024/03/ftc-releases-report-grocery-supply-chain-disruptions And don’t get me started on shrinkflation.
minus-squaredisguy_ovahea@lemmy.worldlinkfedilinkarrow-up1·4 months agoThat’s true of the post-pandemic food industry prices for sure. That description was regarding the failure of Nixon’s attempt to price fix with an Executive Order.
minus-squareoctopus_ink@lemmy.mllinkfedilinkEnglisharrow-up2·4 months agoOh sorry I was clearly not paying much attention to what I was reading. Thanks for the gentle correction.
minus-squaredisguy_ovahea@lemmy.worldlinkfedilinkarrow-up2·4 months agoNo problem. Thank you for citing sources in your comment. I always appreciate substantiation in this world of misinformation.
Just a reminder to folks emphasizing that retailers used that as cover for corporate greed, and a lot of it was lies. Various links:
https://dailymontanan.com/2024/03/27/trade-watchdog-big-retailers-used-supply-chain-problems-to-inflate-grocery-costs/
https://www.nytimes.com/2024/03/21/us/politics/grocery-prices-pandemic-ftc.html
https://news.harvard.edu/gazette/story/2023/07/retailers-have-been-cutting-costs-so-why-are-prices-still-so-high/
Great quote from that Harvard one:
The FTC report that is the basis for the first three links above: https://www.ftc.gov/news-events/news/press-releases/2024/03/ftc-releases-report-grocery-supply-chain-disruptions
And don’t get me started on shrinkflation.
That’s true of the post-pandemic food industry prices for sure. That description was regarding the failure of Nixon’s attempt to price fix with an Executive Order.
Oh sorry I was clearly not paying much attention to what I was reading. Thanks for the gentle correction.
No problem. Thank you for citing sources in your comment. I always appreciate substantiation in this world of misinformation.